The Keynesian policy of trying to increase total i.e. “aggregate” demand – either by having government spend, or by cutting taxes just to leave more money in people’s pockets in hopes that they’ll spend – to revive the economy, never works. The latest installment of Keynesian failure is the payroll …
House Cloakroom: December 5-11, 2010 Analysis: With the administration in negotiations regarding the extension of tax relief measures from 01/03, a deal could be struck at some point this week and the measure brought to the floor in the House. That being said, there will also be further discussions of …
In light of the impending Obama Tax Hikes, Mercatus Center senior research fellow Veronique de Rugy created the chart to the right illustrating Hauser’s Law which Standford University professor Kurt Hauser recapped in this weekend’s Wall Street Journal: Over the past six decades, tax revenues as a percentage of GDP …
Weak economy or not, a huge tax increase is just around the corner. Tax relief enacted nearly a decade ago is set to expire in January, raising taxes for middle-class families, slamming the economy with new burdens, and hurting Americans at every level. The Obama Administration wants to raise taxes …
Tax hikes helped the U.S. economy go from downturn to depression in 1932.Throughout the mid-30s there were glimmers of economic recovery until taxes were raised again in 1937, helping send the economy into another recession. So, why would it be smart to raise taxes now during such a fragile economic …
